Globalization is a term used to describe

Assignment Help Business Economics

Reference no: EM131391804

1. Globalization is a term used to describe

the process of integration on a worldwide scale of markets and production.

the increased links between nation states with respect to trade and the movement of resources.

the act of conducting any business functions beyond one’s domestic borders.

the process of businesses expanding from developed to developing economies.

2. A cartel is:

a firm that always has a dominant strategy.

the "leader" of an industry, typically the firm with the largest market share.

a number of firms who collude to make collective production decisions about quantities or prices.

a duopoly with more than two firms.

Reference no: EM131391804

Questions Cloud

Country of origin influence characteristics of individuals : In a human capital investment framework, explain how age, education, distance, and the income distribution of the country of origin influence the characteristics of individuals who decide to migrate to a different country.

If the economy is experiencing a recession : If the economy is experiencing a recession, what policy would the Federal Reserve System (Fed) implement with regard to interest rates? Explain briefly, including what specifically the Fed would do in the implementation of the policy.

Difference is the result of labor market discrimination : The average wages of women in the United States are 65 percent of the average wages of men. The 35 percentage point difference is the result of labor market discrimination.

Existence or non-existence of wage discrimination : A recent Associated Press article described a class action discrimination lawsuit by female teachers against the New York City Public Schools asserting that male high school teachers are systematically paid more than female high school teachers. What..

Globalization is a term used to describe : Globalization is a term used to describe. A cartel is:

Mnc generally faced with incurring double taxation : Is an MNC generally faced with incurring double taxation on its profits in the subsidiary's country? Why or why not? "The reason the government has to step in and 'internalize' benefit and cost externalities is because people are basically selfish." ..

Absolute advantage in the production of one good : The amount of one currency required to trade for one unit of another country’s currency is known as the exchange rate. For two nations to benefit from trade requires each nation have comparative advantage in the production of one good. For two nation..

Basic assumption of traditional economic models : A basic assumption of traditional economic models is that human beings are rational. An investor wants to maximize returns at a given level of risk, or minimize risk at a given level of returns. However, humans face behavioral influences that could n..

Reserves indicates that yuan depreciation : The article on China's $4 trillion of reserves indicates that the yuan's depreciation is due to

User Account

All Pages